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the digital defenses. we'll talk about the implications for business. former cia director. michael hays. it was hailed as the biggest overhaul of wall street rules begins the great depression. more than two years later, dangers remain. we'll have an exclusive bloomberg government analysis where the law really stands. >>> and meet the woman leading the defense industry's battle to block sweeping automatic budget cuts. you need to know marianne blake. >> peter: i'm peter cook. welcome to capitol gains, stay with us for the next half hour. bloomberg government focused on the government impact of businesses and the economy. its exclusive research and analysis you cannot find anywhere else. this week, the debate over what needs to be done to bolster the country's defenses against cyber attack. this week, wells fargo found their banks under attack. the suspect iran. they deny it. but republicans and democrats left town without coming to a deal on this. now they think the president may act on its own. an exclusive bloomberg analysis examines the options. they include telling authorities to est
the debate, your reaction. follow our live coverage on c- span, c-span radio, and c- span.org. >> defense secretary leon panetta today said it was obvious the killing of four americans at a u.s. consulate in libya was a terrorist attack. he also said more attacks on american soldiers by afghan soldiers are likely. the remarks came this afternoon with the chairman of the joint chiefs of staff. >> since the general dempsey just returned from the war front, we thought it would be worth making some comments on afghanistan -- since the general did see just returned from the war front -- since general dempsey just returned from the war front. i will invite general dempsey to share his comments as well. last week, we completed the drawdown of 33,000 surge forces that the president ordered to afghanistan in december 2009. as i said in announcing this milestone last week, it is clear that the surge allowed us to turn a very important corner in 2011. it accomplished the primary objectives of reversing the taliban's momentum on the battlefield and dramatically increased the size and capability of th
discuss defense contractors. a look at the urging of politics, and a george mason university professor on the sake of the u.s. housing market. host: several stores focusing on the battleground state of ohio. president obama with a five piont lead. president clinton hinting an arm of al qaeda was behind the attacks. a wall street journal stories says companies are changing how health care will be a provided to their employees. they will give their workers a fixed amount of money and allow them to choose their own medical company. consumer spending saw the largest rise in 2011 suggesting customers are spending more at restaurants, clothing, and for health care. we will look at what the labor department found out. but we want to talk to you about your spending habits as they stand today. are you spending more, and if you are tell us why. if you want to reach out to us on social media, @cspanwj for twitter. you can always send us an e- mail. here is a story yesterday and "the wall street journal." the labor department said all areas rose last year. we will see a little bit more o
is a tradition involved in the defense supply chain and how it matters this symposium seemed appropriate and timely and one of the missions as he mentioned that the potomac institute is to elevate the policy discussions on the matter is of critical when portents to the nation. from not going to speak today to defy dewitt will only be to fill in for the deputy assistant secretary of, and security who unfortunately had to cancel at the last minute. i did have a short article you'll see on the front table and it's also on the web site, but the supply chain threat is as much a matter of national security as it is cybersecurity it's part and parcel and in some ways it is as difficult if not more difficult is ongoing in washington to address this nation needs a couple some discussion of how to approach this matter with the real concerns are even before we get to what the answers are it must be recognized as a threat. it must be recognized the status quo is not acceptable and it's not even possible. it's not going to remain the same one we were a mother and we must recognize the government inte
dimensions of cyber innovation both on the threat side and the defensive side. we are also joined by paul nguyen. he looks nice and all this but he's one of these guys that if you dig deep into his past he's a cool hacker. [laughter] he has a hacking pass and he put that past to good use. so we have to who really understand what the cutting edge of what's going on. let me open up, would you think about innovation, i am not an x. or industries by two very much realize, it has been discussed in this morning and perhaps a clichÉ of the young man in the philippines years ago who hatched the love bug virus. it just seems to me that we have evolved so much of far beyond us you've got stuxnet, major innovation. you still have the paul nguyen after just having fun and hacking into systems. but i would love to get a quick snapshot of how you both see this date like them both in the court world at the national security world of what you think the biggest headlines are. as you do what i want to throw one buys out and get, particularly catherine state, i would've these in glossy magazines called sov
is -- who answer the answer and where do we find it? but i see things -- i've been with the defense department for 35 years. everything is sigh saturday silent. i'm hoping you will do something about that in the educational system. starting with -- [inaudible] >> yeah. a lot there. both -- a couple of things. ultimately the question is what do we value? what skills are we trying to teach? .. >> it is clearly not the norm. it is clearly more the exception. i always get asked, what's the appropriate federal role. i think about that every day, what's our role, the state role, the local role. one of the best uses of time and resources, i think, is for us to shine a spotlight on best practices to help with more resources, with more flexibility, whatever it might be. so wherever we're seeing those skill sets being taught, shining a spotlight, convening groups of teachers and principals to talk about those things, we think, are really, really important. so we can help to try and build that culture. long way to go. the other thing that's emerging that i'm really interested in that's related
last october. mostly because of concern about the fiscal cliff. we could see major cuts in defense spending. given it gets 70% of its sales from the department of defense you can see why people would be nervous. however, i think those worries might be baked into the stock at those levels. it might be exaggerated. plus xls sports a juicy 4% yield. even if the worse does happen they're paying you to wait for washington to sort itself out. the other thing it represents a niche area within the budget. it's not one of those big old cold war programs that they have. i don't know if we should even be that worried. among the other things the company makes is highly secure communication systems, energy annal just, warfare systems, night vision goggles. it also has an information technical side where they do everything from aircraft traffic management for the faa and networks. that's probably less sensitive to the budget cuts we're all so worried about. last quarter was quite strong. if we don't fall off the fiscal cliff this could be the right stock to own. even if we do smash into the fisc
the defense on defense cuts. today he talked about specific alternatives. >> yeah, julie carey joins us to tell us about that. >> for many virginians with military ties, the president is also their commander in chief. governor mitt romney and president barack obama tried to make the case they would best look out for the interests of veterans and those on active duty. in an american legion hag not far from the pentagon, mitt romney directed a war of words at president obama. faulting him for the budget deal on capitol hill that will lead to deep defense cuts. and could cost virginia up to 200,000 defense jobs. >> when i become president of the united states, we will stop it. i will not cut our commitment to our military. >> reporter: but even some romney supporters have urged him to provide more specifics about how he'll cut trillions and keep defense spending intact. he starts by scaling back health care reform. >> there are other programs that some people like, i even like that we're going to have to cut or eliminate. >> reporter: he gave me a long list of cuts, no more money for amtra
agree with you. people are always asking me what's wrong with the ravens defense? their defense is not as good, but the offense is better. one of the main reasons, he was defensive player of the year. he was the one guy any time you needed to, you knew he could get home and get to the quarterback. but there'll still a whether -- they're still a very good football team. they go to the road, take on kansas city team who struggled with matt cassell. >> i think when you look at baltimore. this is an offensive football team. it's the same way in mitts burg. pittsburgh. they turned into an offensive football team. they have weapons like with joe flacco. i think they're getting a little weak on the defensive side of the ball. the only pressure you get is up the middle. they're so hard to beat at home. they've got great leadership in ed reed and ray lewis. even on the offensive side of the ball. they've got a lot of playmakers. tori smith now, the young kid on the outside. getting jacobi jones, it gave them a third receiver on the outside. there's a lot of weapons. i think they beat kan
security is defense. its budget can and should be cut. you are a conservative? >> yes. >> i think i have heard mr. romney talk about the fact that we will not. >> right. >> here is the reality that has to be faced. if you are running for office, it is one of those things i guess you cannot say. it still needs to be said. the defense budget is large and it needs to come down. if you are not running for office, you can say all this stuff. a republican will be happy to tell you that it can and must be down. he points out that the u.s. defense budget is larger than the combined defense budget of the next 14 largest countries and the world. what struck me this year was the house in may passed an appropriation bill for defense. were they looking to cut? no. it gave $3 billion to the pentagon more than what it asked for. the pentagon specifically wanted to cut back or reduce a drone program, a tank program, and a submarine program. the defense department said we do not want these things. we do not need them. the house put them back. this is about, frankly, sending back to the district rather th
defense for drunk driving. so it goes. that is it forst unstub this -- that is it for "studio b." i am not sure what caused the last downturn with the dow but calf can will know. see you back here for the fox reason at 7:00 eastern. >>neil: thank you. welcome to october. the chinese have hacked their way all the way to the white house. welcome, everyone. i am neil cavuto. heal ween could be 30 days away, but this is scary today. chinese hackers breaching a white house computer. no harm done the white house says. no classified information compromised. however, we will have more on this from the white house but the very fact the chinese hackers got as far as they did has security experts worried. very worried. for two years, it has been an on secret that china has has been phishing u.s. corporate secrets. this takes it to a whole new level. an expert on all these china says this doesn't only prove how brazen the chinese are, but how unprepared we are. good to see you. hacking a computer isn't rocket science. getting to the level of the white house is noteworthy. >>guest: will, they we
home run late in the game. blue jays lose, 12-2. despite all their defensive woes, the redskins have the highest scoring offense in the nfl. a big coat -- a big part of this excess is rg3. as well as the running back. he rushed for 96 yards. average, 78. he is ready for the competition. >> a lot of people scare people away. we have a tough defense. solid defense. i love a challenge. we will see what happens. >> speaking of running backs, the redskins replaced a player with an injury. at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call greater washington home. whether it's funding an organization that provides new citizens with job training, working with an anacostia school that promotes academic excellence or supporting an organization that serves 5,000 meals a day across d.c., what's important to the people of greater washingngton is important to us, and we're proud to work wik all those who are making our commuties stronger. >> coming up tomorrow night at 11:00, i talk with the new abc s
in northern virginia, technology and defense jobs, and using them as pawns to a demand higher taxes or a budget deal. now, these are tough times, but out of adversity, we can create a more confident, caring, and prosperous america, and that is a positive agenda i will forward to discussing today, and the ida is what is best for the virginia businesses. >> governors, thanks to both of you. this is a high-profile senate race for the nation, certainly very important for the commonwealth, and it is also occurring in the shadow of the presidential debate, so i want to ask you about 47% we heard about this week. governor romney in summer marks at a fundraiser taped earlier this year talked about how there is some 47% of the people that do not pay federal income tax. he said that he believes they are -- that they feel they are victims, that the government needs to take care of them, and that they are entitled to housing, you name it. part of that 47 percent said. what would you do about that? do you think that should change? and what do you think, generally, about too many virginians, too
. it is infuruating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there is no agreement because they are losing federal dollars of the federal programs that are going away. we will see more unemployment. the defense companies will have to notify workers in the next couple of weeks. how important is this? >> it is a temporary drag in the economy. i honestly think of all of the things that will not happen is the chance of getting both rounds of spending cuts, including the massive defense cuts is slight. i think it will be rectified the next few months but it is terrible we have to put the businesses through this until we get to the other side. >> what about housing? it seems to be recovering but still murky. how strong is it, and is it important for the overall economy? >> nothing could be more important than the improvement in home prices. we are getting good signals on home prices. when you get higher home prices of course that pushes up output because builders build more. and pushes up confidence. i think that is important. it causes a wea
defense attorney, stood on a downtown los angeles sidewalk and he watched his chief investigator seized by the police caught in the act of bribing a juror. a few weeks later, darrow was indicted on two counts of bribery, and burt franklin, the investigator, agreed to testify against them. he swore that darrow had ordered him to pay $4000 to jurors who agreed to vote not guilty. and darrow was at that time at the height of the same one of america's foremost trial lawyers, political leaders and populist champions, and his careened staggered off track there in southern california. caught up by shame he left his wife one reunite for the apartment of his mistress. with a revolver in one pocket and a whiskey barrel -- whiskey bottle in the other, he sat down and vowed to kill them so. she brought out two glasses. they sat at a wooden table underneath one of those swinging bare lightbulbs. and fortunately for us she talked him out of it. he went on to create an american architect, lawyer for the little guy, advocate for the common folk. poking his thumbs, regarding the jury from beneath that c
telling the defense contractors to hold off on the pink slip warnings and any legal costs they incur will be covered. today we are learning that lockheed and another against firm are listening. now, what is the heck is going on? these are part of the planned sequestration defense-related cuts in the works and they will happen. by obligation, you have to remind the employees affected that they will be affected. now, you don't have to. >>guest: the law says you must give two months notice. that would be the friday before election day. the administration doesn't want the lay off notices so earlier this year, this summer, they said the defense contractors, lockheed market, you don't need to send the notices and look heed said i am not seeing a lost specifics as far as preventing us from going forward with not doing it so on friday the administration offered to pick up the liability because this is the law as well as the costs of limiting the guys go if the layoffs happen. this is a lost deal making, a lot of politics in this situation because the defense contractors big in virginia which
reached the conclusion the defense secretary was vague. >> day after, or -- >> it took a while to really get the feedback from what exactly happened at that location. >> reporter: in addition to c.i.a. assessment before the acta, security in libya was deteriorating. in august, a defense department report on the rise of al-qaeda in libya there was another warning about islamic extremists and the potential for action. >> there was a thread of intelligence reporting that groups in the environment in western -- correction -- eastern libya were seeking to coalesce, but there wasn't anything specific. >> reporter: while the white house consistently cited the need for investigation to play out, fox news told 16 days after the attack there are still no f.b.i. agents on the ground in benghazi, because the security situation is too unstable. the chairman of the house homeland security says the statement smacks of pre-9/11 mind set. >> one thing we are supposed to learn on september 11 no, longer would we assume that these are criminal matters. but instead they're terrorists. terrorist attacks. >>
, -- america should stop acting as the world's policeman. i do believe in a strong national defense, but the optimum board is defense, not offense. we do not have the mour money cy spent here at home. >> todd akin. >> it is important to have a foreign policy to start with. you have to have some basic principles, the guidelines. that needs to an acute -- includingraq, afghanist, a whole lot of other countries as well. the problem is we have not had that. what it seems like the vacillating policies we have almost punished our friends and helped o enemies. we decided to turn our backs on two of our allies, the czech republic and poland. we had plans to build missile defense. we gave that is a concession to russia. how much has russia helped us with iran? how much has russia helped us with the situation in afghanistan? giving special attention to chavez and turning our back on netanyahu when he wanted to meet with the president, the sending of mixed signals is very destructive to foreign policy. in the case of egypt, for instance, we talked a little bit about that in a press release. th
since world war ii under this policy. >> another key debate topic, healthcare. romney is defensive about his massachusetts plan. today, the obama camp charged the promise to repeal the president's law will knock millions off the insurance. republicans are circulating a secretly recorded video of a recent meeting among local government officials here in henderson where the president is doing debate prep. officials discuss how implementing the president's law will cost city employees an extra $40 a month. >> a challenge beyond belief. >> in exclusive interview with fox in nevada, senator marco rubio says the video shows the issue will blow up on the president. >> that's the tip of the iceberg. if we have four more years of obama, if obamacare is not repealed we'll have story after story of that one. >> senator rubio is here shadowing the president. he told me he agrees with governor chris christie that romney is a strong debate torso they're still not low -- strong debater, so they are still not lowering the expectation. the message is simple: the country can't afford four more months, let
. in another document, defense attorneys say three days after the friday night shooting they called the campus to report the existence of a package mailed from holmes to the university. that prompted a swat team to recover the package from a campus mail room. documents say inside the package the technician found a notebook with a post-it note. cbs news sources say that notebook has drawings and writings about a mass shooting. today the notebook is under court-ordered seal, but documents reveal a police officer on the scene fanned through the notebook before it was handed over as evidence. the defense documents also revealed that it has hired a sychiatric expert who will also testify on holmes' behalf, but nothing in the document says that mental illness will be used as a defense. and, scott, a lot of information still not out there because they have not released a number of the documents. >> pelley: barry, thank you. police in massachusetts today arrested a crime lab scientist and accused her of faking thousands of tests that may have put innocent people behind bars. elaine quijano is followin
interested in foreign policy and even issues like the defense budget? and that's why issues like that and the onces we don't know about that make me wary of all these straight line projections we're make in the future based on what things look like right now. >> anyone want to address the point? >> which point? >> the point about . >> pick on any of the points. i meant the point about iran and the likely hood we would enter in to military action there regardless of who wins. [inaudible] >> question from the audience? >> yes, sir. front row. >> microphone approaching you from the left. governor romney said he wants to create 12 million jobs during his term, that's 250,000 jobs a month. in the past, the u.s. has always been an exporter. and that was what created jobs. how do you see his promise of creating 12 million jobs in four years? >> unlikely. [laughter] >> okay. that's one view. anybody want to elaborate on that? >> look, i think we are in a completely different, you know, job market. we're about -- a few weeks during the convention which is bill clinton lineback in 1990 if
an increase in the defense budget. but back then we had planes that couldn't fly for lack of spare parts or pilots. we had navy vessels that couldn't leave harbor because of lack of crew or, again, lack of spare parts. today we're well on our way to a 600-ship navy. we have 543 at present. we have -- our military, the morale is high. i think the people should understand that two-thirds of the defense budget pays for pay and salary, or pay and pension. and then you add to that food and wardrobe, and all the other things, and you only have a small portion going for weapons. but i am determined that if ever our men are called on, they should have the best that we can provide in the manner of tools and weapons. there has been reference to expensive spare parts, hammers costing $500. well, we are the ones who found those. i think we've given the american people back their spirit. i think there's an optimism in the land and a patriotism, and i think that we're in a position once again to heed the words of thomas paine, who said, "we have it in our power to begin the world over again.'' >> than
their constituents? for example, for the deparartment of defense, we provide the trainingng for the procurement system of the departmement of defense uses to procureny kind product they need. ether somebody in the dertment defense is ordering a pencil or an armored tank, ty need to make sure e they use thehe procement system inlacece and we provide the traraining so employees within dod know how to use t the systetem. just one exaxample. >> what do you know thatatod does not augur know ---- already know better in tererms o of buying a tank? >> we know thehe processes ohow to convey the educaonal formatioion so peoplknow how to do it. our companyoces on implementing the right process so people have access to t riright information and education anand they canake informed decisions anand be better at their jobs. >> one othe things he stressed that the conference i attenended was constantly adapting to the markets. the trick k for that, whether y you are a business owner are trying toto remain viable in the workace, is no getting to the party when it is halfway over. how do you look at where the ma
as the world's policeman. i do believe in a strong national defense, but the optimum word is defense, not offense. we do not have the money to continue the wars. our money could be more wisely spent here at home. >> todd akin. >> it is important to have a foreign policy to start with. you have to have some basic principles, the guidelines. that needs to an acute -- include iraq, afghanistan, a whole lot of other countries as well. the problem is we have not had that. what it seems like the vacillating policies we have almost punished our friends and helped our enemies. we decided to turn our backs on two of our allies, the czech republic and poland. we had plans to build missile defense. we gave that is a concession to russia. how much has russia helped us with iran? how much has russia helped us with the situation in afghanistan? giving special attention to chavez and turning our back on netanyahu when he wanted to meet with the president, the sending of mixed signals is very destructive to foreign policy. in the case of egypt, for instance, we talked a little bit about that in a pr
, talking to a group at the men legion post today. he told them about the potential effect of defense cuts in the looming sequestration saying it could result in the loss of 136,000 jobs here in virginia but it would profoundly affect military readiness and america's security. >> troubled and dangerous world we live in. the idea of cutting our military commit my by a trillion is unthinkable. and devastating. when i become president of the united states, we will stop it. i will not cut our commitment to our military. >>reporter: mitt romney said he does not know how president obama could stand by and let that all happen. >>shepard: the 39 is in virginia, as well. they us about that event. >>reporter: he was in virginia beach, another big military community with a lot of pilots accusing governor romney of giving a huge tax cut to the rich and raising taxes on the middle class. governor romney said he would not do that but would work to close a lot of the loopholes and deductions for wealthy americans. president obama took a a new tat today, wrapping himself in the flag asking voters for give
massive defense industry layoffs are many looking, the white house looking for political cover and taxpayers could pay for the a tax shelter. we'll explain coming up after the break. ♪ . ♪ . melissa: so when it comes to unemployment benefits shouldn't there be a salary cap who is entitled to collect? a new report from the congressional research service finds thousands of millionaires collected unemployment checks during the recession. nearly one million households earning more than 100 grand a year did as well. some in congress want to cut them off. i say, they paid for it. but here to disagree with me is senior policy analyst at the heritage foundation, james sherk. james, thanks so much for joining us. make your argument. why do you think we should cut these folks off? >> the unemployment insurance system is designed as an insurance system but the premiums only cover six months of benefits. during the recession the congress extended the benefits up to two years. now year-and-a-half worth of benefits. but workers are still only paying premiums that cover six months of bene
programs for defense companies, transportation companies. they get federal dollars so they can do these programs. these programs go away january 1st pairs of these companies including defense, health care, transport will have to notify employees by november, the end of october to notify employees their jobs are cut. so in addition to the largest tax increase were going to see since world war ii, were also going to see a host of layoffs at year-end, all as a result of ignoring the fiscal class, which is why there is so much talk about it. so you know, i do think we are walking on shaky ground and unfortunately the president has been unable to provide the leadership required to get these two groups together, the right and the left. you know, part of the job of the commander-in-chief has to be to compromise and bring these two groups together. for congress to say we're going on vacation for five weeks and then come back and say we go away again until after the election, with nothing done about the fiscal class is truly irresponsible. and the fact that the leadership -- there is no le
. and the implications for missile defense. and then from then i will move on to conclude. in the case of iran, which i think we can say this every now again in the nose, and i saw just yesterday a story about will israel deliver an october surprise. the fundamental problem here is, is the possibility of a cuban missile crisis in the middle east. and to understand this, we briefly go back to what nikita khrushchev had in mind. khrushchev, in 1961, met in june with president kennedy, the enemy. and he pushed kennedy a round. kennedy himself said later he really beat me up. he decided that kennedy was not up to it, and kennedy said what about the possibility of -- i'm paraphrasing not having a transcript in front of me -- what about the possibility of miscalculation? you have to be careful. and khrushchev sent miscalculation, miscalculation. i don't want to hear this word of miscalculation. i'm tired of hearing it. so in 1961, khrushchev decided partly, many because of the summit, that he could pushed kennedy a little further. so what he did was, working with the east german leader, they begin the berlin
the truth on what happened. >> greta: so u.n. ambassador rice resign? earlier former secretary of defense donald rumsfeld went on the secretary. mr. secretary, nice to see you, sir. >> thank you. good to be with you. >> greta: there are many calls for ambassador to the u.n., susan rice, to resign. she has the backup of the secretary of state and the president, but there are calls for her to resign after going on all the talk shows and pushing this youtube video as the reason, the cause. your thoughts, sir? >> well, that's really up to the president and ambassador as far as i'm concerned. i think that the president can nominate who he wants, and the senate confirmed her. and she's the ambassador while she's there. i watched the presentation. and i thought it was amazing that someone in her position would go on with that degree of certainty, that fast, and that authoritiatively and be that wrong. >> greta: do you think she was perhaps hung out to dry? i thought it was unusual that the ambassador of the u.n. would make that appearance after that event? i would have expected some other member
slam, the blue jays' win 9-5. the redskins' defense is in some disarray after losing starters to injuries. interesting turn of events considering the past two years of the shanahan area is large what kept them in the game. it was a backbone to lean on not so much this time around. >> we argue amongst each other. 14 points, 10 points, 21 points was a great day. the defense totally went out there and drop the ball. >> they are sticking with michael vick as their quarterback and will evaluate as they go. we would like to hear that. at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call greater washington home. whether it's funding an organization that provides new citizens with job training, working with an anacostia school that promotes academic excellence or supporting an organization that serves 5,000 meals a day across d.c., what's important to the people of greater washington is important to us, and we're proud to work with all those who are making our communities stronger. >> thursda
these political games for the armed services. we need to have a strong economy and national defense. but the last thing we need to be doing is having these devastating cuts to our military readiness and that's what has to happen is stop these devastating cuts, come up with the cuts that have the right priority and make sure the men and women protecting our safety and our freedoms here have the best armments, the best equipment and making sure we get those good paying jobs and technology and defense here in virginia and not use then am a pon to raise taxes. >> no one's talking about using the military or veterans as pons, i mean, i haven't heard that stated except george kind of throw in that charge at me and that's the kind of charge that you ought to be more careful about. i take second to no one in appreciating the service of our folks in active service and in our military i was governor in the middle o two wars. our virginia guards people, 1,500 of them deployed. i went to the deployments and the wakes in afghanistan and i celebrate the fact that all units are home. we have to get to a resolve
here in northern virginia. virginia technology and defense jobs, and using them as pawns demand higher taxes, higher taxes for a budge deal. now, these are tough times, but out of this adversity, we can create a more confident, caring and prosperous america, and that's the positive agenda i look forward to discussing today, and the test is which approach is best for job creating virginia businesses. >> moderator: governors, thanks to both of you. i want to begin by talking about the role of government in virginia and the country. this is a high-profile senate race for the nation, certainly very important further commonwealth, and it's also occurring in the shadow of the presidential debate. i'd like to ask you about the 47% that we heard about this week. governor romney, in some remarks that were taped at a fundraiser earlier this year, talked about how there's 47% of the country that does not pay federal income tax. he said that they believe they are victims who believe the government has a responsibility to care for them, who believe they are entitled to health care, to food, to hous
and going to be deployed. i have cut defense spending, and the n we could do that is because of our fasuccs in wicold war. we nwould have got there if we had gone for the nuclear freeze crowd, never would have got there if we listened do those who wanted to cut defense spending. i think it is important that the united states stay in europe, and guarantee the peace. we simply cannot pull back. now, when anybody has a spending program they want to spend money on at home, they say let's cut money t departme i will accept and have accepted the remmendations of two oven leaders, general colin powell, and secretary dick cheney. they feel that the lels we're operating at and the reductions that i propose are proper, and so i simply do not think we should go back to the isdays and start blaming foreigners. are the sole remaining superpower, and we should be that, and we have a certain disproportionate responsibility, but i would ask the american people to understand that if we make imprudent cuts, if we go too far, we risk the peace. and i don't want to do that. i have seen what it is like to see
. >> thank you. megyn: breaking news on maas i have layoff -- massive layoffs on the defense industry and how the notices were supposed to go out right before the election. not now. >>> plus, with just five weeks until the votes are counted and the head of the military voter participation project says military voting looks like it will be way behind where it should be, and the numbers are staggering. he will join us live next on what and who he thinks is to blame here. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. tal
he delivered -- >> you think that obama can put romney on the defensive? >> i don't think so. >> can romney put obama on the defensive? >> he'll have to. >> both could put the other on the defensive. >> who is going to fight for that and proceed as though it doesn't exist? >> no, no, no, they will both fight for that. the whole point is now, whoever two-thirds of the country think the economy is headed in the wrong discretion. there is a huge 23%, 23 million people are out of work. people have lost 40% of the net worth and 40% of the income. >> and they are more optimistic about the president all of >>> issue two, mahmoud versus bb. >> the policies of the world's main centers of power are based on the principle of domination and the conquering of others. these centers only seek supremacy and are not in favor of peace and definitely not at the service of their nations. continued threats by the unsievelized designennists to resort to military action against our great nation is a clear example of this bit of reality. >> in his speech before the united nations general assembly, mahmoud
appears on the stage is very important. normally when a candidate gets defensive that is when they started looking bad. that happens with barack obama. it happened when he told hillary she was like have likable enough. it happened with mitt romney when he did the $10,000 bet with governor perry. it's very important that governor romney keeps making the case about the economy and keep pushing an alternative vision that the american people can see as a better path and a better way forward to improving the economic conditions. if he does that he will put the president on the defensive. if he allows the president to sort divide the audience, talk about women and myth of the war on women and talk about the middle-class and divide the country and gets on the defensive or talk about issues that are irrelevant to the economy, then that is place where governor rom can look at defensive and may not look as good to the audience. >> is it possible to be too prepared for the debate and candidate appears to be reading off a card imprinted in the back of his head because people are pounding him with info
is the technology. i am curious to your view of the effects of missile defenses with to have a lot of different arms control. >> it is good to see you. a picture of arms control over the next few years, from the perspective of president obama, and he has made no secret of the fact of his initiative that he is eager to pursue step-by-step in reductions of nuclear weapons. that is one priority goal for this administration. it is a preamble to the start treaty. it is a goal they have both articulated. i think we will be looking for ways to accomplish those for the reductions. it laid out three goals for the next round of negotiations. he said we want to seek reductions in non-strategic nuclear weapons, non-deployed nuclear-weapons, and for the reductions and deploy nuclear weapons. to those three categories are new to the arms reduction process. we've always gone after weapons that are deployed on their delivery vehicle. this is what we have always counted and reduced. this is what you can see even from overhead satellites. it is important to recognize the next age of arms control but president obama h
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